Chapter 146: Kill a listed company in one sentence
God knows.
David Citchell had no ill intentions, nor did he mean anything about Shen Jiannan, if he had to say why, probably, he was just a quick talker and wanted to maintain the friendship with the Bank of Bahrain.
Yes, it's that simple.
The Citchell Industrial Group, where David Citchell belongs, is the largest bearing industry group in the United Kingdom, with leading technology and perfect supporting facilities, it monopolizes more than 60% of the bearing supply in the United Kingdom. Even though the London stock market has been plummeting, the share price of the Citchell Group has not been greatly affected, which shows the performance and strength of its 100-year history.
However, it is inevitable that enterprises should establish a friendly relationship with the bank, so that they can provide financial support at critical moments.
Cicell Industries has always maintained a good relationship with the Bank of Bahrain. Especially in the past two years, Rolls-Royce Motor Industries has been suppressed by German automobiles, and since last year, sales and net profit have been declining, and even in the first half of this year, there have been serious losses.
In order to solve the financial problems, Rolls-Royce had to seek new capital support.
This is undoubtedly a good opportunity for the Cel Industrial Group, as long as there is enough money to eat Rolls-Royce Motor Industries, then with the power of the Sealel Industrial Group, the company's strategy can enter the long-awaited engine and even the automotive field.
However, Rolls-Royce is also a brand of nearly 100 years after all, and there are many companies eyeing it, in addition to the Citchell Industrial Group, as well as Volkswagen and BMW Group, all of which want to take this company.
Although the market value of the Cicell Industrial Group in the securities market is fully 26 billion pounds, the market value is much higher than the valuation of Rolls-Royce Motor Cars. However, the market value could not be fully realized directly, and in order to defeat Volkswagen and BMW Group, Dawei Citchell approached the Bank of Bahrain, hoping to obtain sufficient loans in the form of stock pledges.
With decades of cooperative relations, the two sides have negotiated very smoothly.
The Cicell Family Mutual Fund, together with Citchell Investment Management Ltd. and the Cicell Charitable Foundation, held a total of 58 percent of the shares of the Cicel Group Industries, and with this 58 percent of the shares, the Bank of Bahrain lent six billion pounds to the Citchell Industries Group at market prices, in order to defeat the two powerful competitors of the BMW Group and the Volkswagen Group.
The two parties are on their honeymoon, and as a friend, partner, and sole heir to the Cicell family, it is David Cicell's job to help Sam Redmayne get rid of the embarrassment of having no one to follow and find some face.
Facing Shen Jiannan's questioning, David Citchell wanted to laugh a little to relieve the pressure in his heart and explain something by the way.
He didn't want to erect a huge enemy for the company and his family.
However, he squeezed the muscles on his face a few times, but he couldn't squeeze out the smile he needed.
Shen Jiannan's tone was very flat, as if he was a simple inquiry, but the contempt and indifference in those eyes were like a giant looking down on an ant or a bed bug that could be pinched to death at any time, so David Sealel couldn't smile.
Because it was too quiet, a pair of eyes looked over, and the countless lines of sight made David Cicell's face gradually become unsightly.
Everyone was looking at him, and if he lowered his head at this time, where would the face of the Citchell family go.
Damn it.
Isn't it just an Oriental?
Do you really think you've brought down the Bank of England?
As the heir of the top family, David Citchell actually understands very well that the depreciation of the pound is the trend of the times, and it is not something that an investment company or a hedge fund can defeat at all.
The man who brought down the Bank of England was just a gimmick made up by the media.
Anger arises from the heart, and evil is born on the side of the guts.
Finally, under Shen Jiannan's aggressive and cold indifferent eyes and momentum, David Sealell's face showed a smile, a gentlemanly but chic and disdainful and disdainful smile.
"So what? The whole world knows that there is no place for you Orientals in the financial markets. I very much doubt that it is a scam for a Chinese man to open a bank in the UK. β
"Is this what you mean?"
β......β
All right!
That's not what David Citchell was saying.
If Shen Jiannan's eyes weren't so aggressive, he would have chosen to explain something. But the eyes around him were burning him like a stake, and how could he answer.
Shaking the wine glass in his hand, David Citchell made a demeanor that an upper-class person should have.
As I said bluntly, there is no bank in the top banks in the world, and it has been the case for hundreds of years. But the Bank of Bahrain has always been a reputable and quality bank, and it has never made a mistake, even the royal family is one of their customers. β
Reputable?
Never went wrong?
Shen Jiannan's eyes were weird, and he habitually raised his eyebrows.
The old radish head is worthy of being a boy who can soak his ex-wife's daughter, and his ability to observe words and emotions is really good, and when he saw his boss's habitual actions, he hurriedly turned his head over.
"This guy is the president of the Citchell Industries group and the heir to the Cicell family, and the guy next to him is Sam Redmayne, the president of the Bank of Bahrain, and I heard that the Citchel Industries group wants to bid with Volkswagen and the BMW Group to buy Rolls-Royce Motor Cars, and they have always had a good relationship. β
That's right.
Shen Jiannan's eyes flashed a few times, and he guessed a lot of things, he nodded, and directly faced David Citchell.
"Hi. Man, I don't know where you got the courage to talk to me like that. Could it be that Liang Jingru gave you the courage?"
Scorn!
Naked contempt.
No matter how good the cultivation is, who can withstand being so despised in public.
All of a sudden, David Cicell's anger was written all over his face.
But Shen Jiannan didn't give him a chance to speak, and turned his head to look at Sam Redmayne, the president of the Bank of Bahrain.
"President Redmayne, right? I would like to ask you a question, what should I do if the Bank of Bahrain receives a mortgage on a security asset, but the pledged securities fall below the risk line of the funds lent out?"
You two are talking about it, what does this have to do with me?
Like a salted fish that had been harmed by an unwarranted disaster, Sam Redmayne's face became very embarrassed, but in full view of everyone, he had to answer the question.
"Our bank has our bank's perfect risk control mechanism, and it will naturally solve it in the most appropriate way, listen to Mr. Shen's meaning, Nanbo Bank does not have corresponding measures in this regard, right? Yes, you are just a new bank after all. Banks can't survive by luck. β
"I wanted to give you a kind reminder, but it doesn't look like you need it. β
"Walter?"
Shen Jiannan didn't answer this question, and muttered to himself towards the old radish head on the side.
"John. I think the market analysis report you gave me yesterday is pretty good, do you have any other good suggestions?"
"Oh God. It's great that you finally have time to read that report, and I've been very anxious about the current economic outlook for the bearing industry in the European market. β
"What do you think?"
"I think we should open a short position in the relevant market, let's say, buy put options on Citchel Industries shares and sell them. β
"Is that okay?"
"Of course. There is no future in the bearing market at all. β
Shen Jiannan and the old radish head sang and harmonized, so that David Citchell to the brink of explosion, as the president of Citchell Industrial Group, who will know better than him the prospects of the bearing market.
But now, there are people talking about shorting his company.
How ridiculous and ridiculous this is.
"Haha - this is ridiculous, no one knows the bearing industry better than me, in the first half of this year, the profit of the Cicell Industries Group was as high as 100 million pounds, you are actually talking about shorting the Cicell Industries Group...... Ha ha...... What a naΓ―ve and stupid idea......"
Oh, yes.
With such good performance, who can short a profitable company.
But smiling and laughing, David Citchell couldn't stop laughing, and he suddenly noticed that the eyes around him seemed to have changed.
It's like being watched in the middle by a pack of hungry wolves.